On September 23, MONTAGE TECH rose 3.23% in regular trading, trading at HK$317.0/share, with turnover of HK$29.70 million. The stock extended gains following its sharp rally on September 22, when it surged over 14% in Hong Kong.

The ongoing momentum stems from Meta's AI agent Muse, which topped the Apple App Store free rankings after its early September launch, reigniting market enthusiasm for CPU and memory interconnect chip demand. Analysts note that the proliferation of AI agents will drive up inference and infrastructure workloads, benefiting server CPU demand. CLSA highlighted that as AI shifts from model training to inference, server CPU demand is steadily rising, positioning MONTAGE TECH as a primary beneficiary. Morgan Stanley further noted that DRAM and NAND remain undersupplied with elevated memory prices, projecting the global semiconductor market could reach approximately US$1.5 trillion by 2030, with AI semiconductors contributing roughly half.

Additionally, the company has maintained near-daily A-share buybacks since September, spending approximately RMB10-20 million per session, signaling management confidence. On September 22, a custodian transfer involving 3.1 million shares into HSBC and 1.997 million shares out of Citibank was also disclosed.

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